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This morning in metals news, Wisconsin Gov. Scott Walker signed a bill ending the state’s moratorium on gold and silver mining, Chile approaches a busy year for mine union negotiations, and Chinese steel futures drop.
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Going for the Gold in the Badger State
Wisconsin Gov. Scott Walker signed a bill ending the state’s moratorium on gold and silver mining, Wisconsin Public Radio reported.
The moratorium was imposed in 1998, when Walker was a member of the state Assembly.
Union Negotiations on the Horizon in Chile
Chile’s copper mining industry has a busy schedule next year, with 32 union contracts on the docket, Bloomberg reported.
Chile, a dominant force in the copper industry, will negotiate the contracts, which represent approximately 75% of the country’s copper output, according to the report.
China Steel Futures Drop
Chinese steel futures took a dip Tuesday as a result of concerns regarding demand in the country, the world’s top steel consumer, according to Reuters.
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According to the report, upward price movement driven by supply constriction is expected to be counterbalanced by a drop in demand as winter weather affects construction projects.